RE: Is ETH DeFi Dying?
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Isn´t ETH 2.0 being developed right now exactly to fix this problem?
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Isn´t ETH 2.0 being developed right now exactly to fix this problem?
Yes, ETH 2.0 as well as other things are being developed right now. But when it will come into production? Will today you pay $20 to transfer $1 even if you know that Mr. Vitalik will fix it in a year? And will those things at all be able to deliver what they promise (and ideally, without introducing any new bugs, vulnerabilities, or architectural flaws)? Uncertainty and time are an issue.
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I agree and also find it strange that so many are willing to pay those high fees!
Well, maybe so many see how e.g. AAVE goes 3x in about a month and urgently wants to stake some. Besides, ETH and DeFi tokens are also traded on CEX'es, they don't care about ETH fees at all, except for deposits and withdrawals.
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